Insurance 2015 Salary Survey & Benefits Guide

Deborah Hall 28.01.2015

Our Morgan McKinley Ireland Salary & Benefits Guide examines 2015 permanent & contract Insurance salary trends for a range of professional positions, as well as profiling compensation & benefit packages across a number sectors.

Download the Insurance Salary & Benefits 2015 Guide now >> [PDF 1.13MB]

 

Typical range of benefits for Insurance professionals:

General Insurance

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Personal Lines Manager0 - 340,000 - 45,00035,000 - 40,00030,000 - 32,00028,000 - 30,000
3 - 545,000 - 60,00040,000 - 55,00032,000 - 37,00030,000 - 35,000
5+60,000 - 70,00055,000 - 60,00037,000 - 50,00035,000 - 50,000
Personal Lines Team Leader0 - 335,000 - 40,00030,000 - 34,00028,000 - 34,00028,000 - 34,000
3 - 540,000 - 45,00034,000 - 40,00034,000 - 38,00034,000 - 38,000
5+45,000 - 50,00040,000 - 45,00038,000 - 45,00038,000 - 45,000
Personal Lines Administrator0 - 320,000 - 25,00020,000 - 23,00018,000 - 20,00018,000 - 20,000
3 - 525,000 - 30,00023,000 - 30,00020,000 - 23,00020,000 - 23,000
5+30,000 - 35,00030,000 - 35,00023,000 - 26,00023,000 - 26,000
Personal Lines Underwriter0 - 325,000 - 30,00025,000 - 30,00022,000 - 25,00022,000 - 25,000
3 - 530,000 - 35,00030,000 - 35,00025,000 - 28,00025,000 - 28,000
5+35,000 - 45,00035,000 - 40,00028,000 - 32,00028,000 - 32,000
Commercial Manager0 - 345,000 - 55,00040,000 - 50,00030,000 - 35,00030,000 - 35,000
3 - 555,000 - 60,00050,000 - 55,00035,000 - 45,00035,000 - 45,000
5+60,000 - 70,00055,000 - 60,00045,000 - 50,00045,000 - 50,000
Commercial Account Handler0 - 330,000 - 40,00030,000 - 35,00030,000 - 35,00030,000 - 35,000
3 - 540,000 - 50,00035,000 - 45,00035,000 - 40,00035,000 - 40,000
5+50,000 - 55,00045,000 - 50,00040,000 - 50,00040,000 - 50,000
Commercial Underwriter0 - 335,000 - 45,00035,000 - 45,00035,000 - 45,00035,000 - 45,000
3 - 545,000 - 55,00045,000 - 53,00045,000 - 50,00045,000 - 50,000
5+55,000 - 75,00053,000 - 70,00050,000 - 60,00050,000 - 60,000
Business Development
Underwriter
0 - 350,000 - 70,00045,000 - 65,00042,000 - 62,00042,000 - 62,000
3 - 570,000 - 90,00065,000 - 70,00063,000 - 68,00063,000 - 68,000
5+90,000 - 100,00070,000 - 90,00068,000 - 85,00068,000 - 85,000
Head of Claims0 - 350,000 - 70,00045,000 - 65,00045,000 - 60,00045,000 - 60,000
3 - 570,000 - 120,00065,000 - 110,00060,000 - 105,00060,000 - 105,000
5+120,000 - 130,000110,000 - 120,000105,000 - 115,000105,000 - 115,000
Claims Handler0 - 320,000 - 30,00020,000 - 28,00020,000 - 28,00020,000 - 28,000
3 - 530,000 - 45,00028,000 - 40,00028,000 - 30,00028,000 - 30,000
5+45,000 - 55,00040,000 - 50,00030,000 - 35,00030,000 - 35,000
Loss Adjuster0 - 325,000 - 50,00025,000 - 45,00025,000 - 45,00025,000 - 45,000
3 - 550,000 - 70,00045,000 - 65,00045,000 - 60,00045,000 - 60,000
5+70,000 - 85,00065,000 - 75,00060,000 - 75,00060,000 - 75,000
Operations Manager0 - 365,000 - 80,00060,000 - 75,00060,000 - 75,00060,000 - 75,000
3 - 580,000 - 100,00075,000 - 95,00075,000 - 95,00075,000 - 95,000
5+100,000 - 120,00095,000 - 110,00095,000 - 105,00095,000 - 105,000

Life Assurance

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Operations Manager0 - 365,000 - 80,00060,000 - 75,00050,000 - 60,00050,000 - 60,000
3 - 580,000 - 100,00075,000 - 90,00060,000 - 70,00060,000 - 70,000
5+100,000 - 120,00090,000 - 100,00070,000 - 80,00070,000 - 80,000
Underwriting Manager0 - 350,000 - 65,00045,000 - 60,00040,000 - 45,00040,000 - 45,000
3 - 565,000 - 80,00060,000 - 75,00045,000 - 60,00045,000 - 60,000
5+80,000 - 95,00075,000 - 80,00060,000 - 70,00060,000 - 70,000
Underwriter0 - 328,000 - 40,00025,000 - 35,00023,000 - 27,00023,000 - 27,000
3 - 540,000 - 50,00035,000 - 45,00027,000 - 35,00027,000 - 35,000
5+50,000 - 65,00045,000 - 50,00035,000 - 40,00035,000 - 40,000
Broker Consultant0 - 345,000 - 55,00045,000 - 60,00030,000 - 35,00030,000 - 35,000
3 - 555,000 - 75,00060,000 - 75,00035,000 - 45,00035,000 - 45,000
5+75,000 - 90,00075,000 - 80,00045,000 - 55,00045,000 - 55,000
Pensions Manager0 - 360,000 - 70,00055,000 - 65,00050,000 - 60,00050,000 - 60,000
3 - 570,000 - 80,00065,000 - 75,00060,000 - 70,00060,000 - 70,000
5+80,000 - 100,00075,000 - 85,00070,000 - 80,00070,000 - 80,000
Pensions Consultant0 - 350,000 - 70,00045,000 - 65,00045,000 - 60,00045,000 - 60,000
3 - 570,000 - 90,00065,000 - 85,00060,000 - 80,00060,000 - 80,000
5+90,000 - 100,00085,000 - 90,00080,000 - 90,00080,000 - 90,000
Pensions Administrator0 - 325,000 - 35,00023,000 - 32,00023,000 - 30,00023,000 - 30,000
3 - 535,000 - 45,00032,000 - 40,00030,000 - 35,00030,000 - 35,000
5+45,000 - 55,00040,000 - 45,00035,000 - 43,00035,000 - 43,000
Life Administrator0 - 325,000 - 35,00022,000 - 30,00018,000 - 21,00018,000 - 21,000
3 - 535,000 - 45,00030,000 - 40,00021,000 - 26,00021,000 - 26,000
5+45,000 - 55,00040,000 - 45,00026,000 - 30,00026,000 - 30,000
Life Sales0 - 320,000 - 25,00020,000 - 23,00018,000 - 20,00018,000 - 20,000
3 - 525,000 - 30,00023,000 - 28,00020,000 - 23,00020,000 - 23,000
5+30,000 - 35,00028,000 - 34,00023,000 - 26,00023,000 - 26,000
Claims Officer0 - 327,000 - 32,00022,000 - 28,00018,000 - 21,00018,000 - 21,000
3 - 532,000 - 40,00028,000 - 35,00021,000 - 26,00021,000 - 26,000
5+40,000 - 50,00035,000 - 40,00026,000 - 30,00026,000 - 30,000
Financial Advisor0 - 330,000 - 37,00020,000 - 30,00020,000 - 25,00020,000 - 25,000
3 - 537,000 - 50,00030,000 - 45,00025,000 - 35,00025,000 - 35,000
5+50,000 - 70,00045,000 - 50,00035,000 - 45,00035,000 - 45,000

Reinsurance

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Reinsurance Underwriter0 - 345,000 - 65,00035,000 - 50,00035,000 - 45,00035,000 - 45,000
3 - 565,000 - 100,00050,000 - 90,00045,000 - 90,00045,000 - 90,000
5+100,000 - 130,000100,000 - 110,00090,000 - 100,00090,000 - 100,000
Reinsurance Claims0 - 340,000 - 50,00035,000 - 45,00035,000 - 40,00035,000 - 40,000
3 - 550,000 - 75,00045,000 - 90,00040,000 - 90,00040,000 - 90,000
5+75,000 - 120,00090,000 - 100,00090,000 - 100,00090,000 - 100,000

Captive

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Captive Executive / Underwriter0 - 335,000 - 45,00025,000 - 40,00025,000 - 40,00025,000 - 40,000
3 - 545,000 - 65,00040,000 - 50,00040,000 - 50,00040,000 - 50,000
5+65,000 - 85,00050,000 - 60,00050,000 - 60,00050,000 - 60,000

Risk & Compliance

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Compliance Specialist0 - 330,000 - 40,00028,000 - 39,00028,000 - 37,00028,000 - 37,000
3 - 540,000 - 45,00039,000 - 45,00037,000 - 45,00037,000 - 45,000
5+45,000 - 60,00045,000 - 55,00045,000 - 55,00045,000 - 55,000
Compliance Manager0 - 360,000 - 70,00055,000 - 65,00055,000 - 65,00055,000 - 65,000
3 - 570,000 - 80,00065,000 - 75,00065,000 - 75,00065,000 - 75,000
5+80,000 - 100,00075,000 - 95,00075,000 - 95,00075,000 - 95,000
Risk Analyst0 - 330,000 - 40,00027,000 - 33,00027,000 - 33,00027,000 - 33,000
3 - 540,000 - 45,00033,000 - 40,00033,000 - 40,00033,000 - 40,000
5+45,000 - 60,00040,000 - 55,00040,000 - 55,00040,000 - 55,000
Risk Manager0 - 360,000 - 70,00055,000 - 65,00055,000 - 65,00055,000 - 65,000
3 - 570,000 - 80,00065,000 - 75,00065,000 - 75,00065,000 - 75,000
5+80,000 - 100,00075,000 -95,00075,000 - 95,00075,000 - 95,000

Product Development

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Product Specialist0 - 335,000 - 45,00032,000 - 43,00030,000 - 40,00030,000 - 40,000
3 - 545,000 - 55,00043,000 - 53,00040,000 - 50,00040,000 - 50,000
5+55,000 - 65,00053,000 - 63,00050,000 - 60,00050,000 - 60,000
Product Manager0 - 365,000 - 70,00062,000 - 60,00060,000 - 65,00060,000 - 65,000
3 - 570,000 - 80,00068,000 - 75,00065,000 - 75,00065,000 - 75,000
5+80,000 - 110,00078,000 - 105,00075,000 - 95,00075,000 - 95,000

Actuarial

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Trainee Actuary0-330,000 - 45,00029,000 - 44,00028,000 - 43,00028,000 - 43,000
Part Qualified Actuary0 - 345,000 - 70,00035,000 - 55,00035,000 - 50,00035,000 - 50,000
Part Qualified Actuary3 - 570,000 - 80,00055,000 - 65,00050,000 - 65,00050,000 - 65,000

Qualified Actuary

0 - 370,000 - 90,00065,000 - 80,00065,000 - 80,00065,000 - 80,000
3 - 590,000 - 130,00080,000 - 110,00080,000 - 110,00080,000 - 110,000
Chief Actuary0 - 3150,000 - 180,000140,000 - 165,000140,000 - 160,000140,000 - 160,000
3 - 5180,000 - 250,000165,000 - 180,000160,000 - 180,000160,000 - 180,000
5+250,000 - 300,000180,000 - 250,000180,000 - 250,000180,000 - 250,000

General Insurance

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Personal Lines Manager0 - 320 - 2319 - 2017 - 2017 - 20
3 - 523 - 3020 - 2720 - 2320 - 23
5+30 - 3527 - 3023 - 2523 - 25
Personal Lines Team Leader0 - 317 - 2015 - 1714 - 1714 - 17
3 - 520 - 2317 - 2017 - 1817 - 18
5+23 - 2520 - 2218 - 2218 - 22
Personal Lines Administrator0 - 310 - 1310 - 119 - 109 - 10
3 - 513 - 1511 - 1510 - 1210 - 12
5+15 - 1715 - 1612 - 1312 - 13
Personal Lines Underwriter0 - 313 - 1512. - 1411 - 1211 - 12
3 - 515 - 1714 - 1712 - 1412 - 14
5+17 - 2317 - 2014 - 1614 - 16
Commercial Manager0 - 323 - 2720 - 2515 - 1715 - 17
3 - 527 - 3025 - 2717 - 2217 - 22
5+30 - 3527 - 3022 - 2522 - 25
Commercial Account Handler0 - 315 - 2015 - 1715 - 1715 - 17
3 - 520 - 2317 - 2217 - 2017 - 20
5+23 - 2822 - 2520 - 2520 - 25
Commercial Underwriter0 - 317 - 2317 - 2217 - 2217 - 22
3 - 523 - 2722 - 2722 - 2522 - 25
5+27 - 3527 - 3325 - 3025 - 30
Business Development
Underwriter
0 - 323 - 3522 - 3222 - 3222 - 32
3 - 535 - 4532- 3532- 3532- 35
5+45 - 5035 - 4535 - 4235 - 42
Claims Manager0 - 325 - 3522 - 3222 - 3022 - 30
3 - 535 - 6032 - 5530 - 5230 - 52
5+60 - 6555 - 6052 - 5752 - 57
Claims Handler0 - 310 - 1510 - 1410 - 1410 - 14
3 - 515 - 2214 - 2014 - 1614 - 16
5+22 - 2720 - 2516 - 1816 - 18
Loss Adjuster0 - 313 - 2512 - 2212 - 2212 - 22
3 - 525 - 3522 - 3222 - 3022 - 30
5+35 - 4332 - 3730 - 3530 - 35
Operations Manager0 - 333 - 4030 - 3730 - 3730 - 37
3 - 540 - 5037 - 4737 - 4737 - 47
5+50 - 6047 - 5547 - 5247 - 52

Life Assurance

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Operations Manager0 - 333 - 4030 - 3725 - 3025 - 30
3 - 540 - 5037 - 4530 - 3530 - 35
5+50 - 6045 - 5035 - 4035 - 40
Underwriting Manager0 - 325 - 3322 - 3022 - 2722 - 27
3 - 533 - 4030 - 3727 - 3027 - 30
5+40 - 4737 - 4030 - 3530 - 35
Underwriter0 - 314 - 2012 - 1711 - 1411 - 14
3 - 520 - 2517 - 2214 - 1814 - 18
5+25 - 3322 - 2518 - 2018 - 20
Broker Consultant0 - 323 - 2822 - 3022 - 3022 - 30
3 - 528 - 3830 - 3730 - 3530 - 35
5+38 - 4537 - 4035 - 4035 - 40
Pensions Manager0 - 330 - 3527 - 3227 - 3027 - 30
3 - 535 - 4032 - 3730 - 3530 - 35
5+40 - 5037 - 4035 - 4035 - 40
Pensions Consultant0 - 325 - 3522 - 3222 - 3022 - 30
3 - 535 - 4532 - 4230 - 4030 - 40
5+45 - 5042 - 4540 - 4540 - 45
Pensions Administrator0 - 313 - 1711 - 1611 - 1511 - 15
3 - 517 - 2316 - 2015 - 1715 - 17
5+23 - 2820 - 2217 - 2017 - 20
Life Administrator0 - 313 - 1711 - 1611 - 1511 - 15
3 - 517 - 2316 - 2015 - 2015 - 20
5+23 - 2720 - 2320 - 2320 - 23
Claims Officer0 - 314 - 1611 - 1411 - 1411 - 14
3 - 516 - 2014 - 1714 - 1614 - 16
5+20 - 2517 - 2016 - 2016 - 20

Reinsurance

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Reinsurance Underwriter0 - 323 - 3017 - 2517 - 2217 - 22
3 - 530 - 5025 - 5022 - 4522 - 45
5+50 - 6550 - 5545 - 5045 - 50
Reinsurance Claims0 - 320 - 2517 - 2217 - 2017 - 20
3 - 525 - 3722 - 4520 - 4520 - 45
5+37 - 6045 - 5045 - 5045 - 50

Captive

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Captive Executive / Underwriter0 - 317 - 2312 - 2012 - 2012 - 20
3 - 523 - 3220 - 2520 - 2420 - 24
5+32 - 4325 - 3024 - 3024 - 30

Risk & Compliance

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Compliance Specialist0 - 315 - 2013--1812-1612-16
3 - 520 - 2318 - 2216-2116-21
5+23 - 3022-2721-2621-26
Compliance Manager0 - 330 - 3527-3225-3125-31
3 - 535 - 4032-3731-3631-36
5+40 - 5037-4736-4636-46
Risk Analyst0 - 315 - 2013-1612-1512-15
3 - 520 - 2316-2015-1715-17
5+23 - 3019-2717-2617-26
Risk Manager0 - 330 - 3527-3226-3126-31
3 - 535 - 4032-3731-3631-36
5+40 - 5037-4736-4636-46

Product Development

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Product Specialist0 - 317 - 2315-2014-1914-19
3 - 523 - 2720-2519-2419-24
5+27 - 3325-3023-2823-28
Product Manager0 - 333 - 3530-3229-3129-31
3 - 535 - 4032-3731-3531-35
5+40 - 6037-4735-4535-45

Actuarial

RoleYears ExperienceDublin
Cork
Limerick
Waterford
Trainee Actuary (Graduate)0 - 315 - 2314 - 2014 - 1914 - 19
Part Qual (5 exams remaining )0 - 323 - 3517 - 2717 - 2517 - 25
Near Qual (2 exams remaining)3 - 535 - 4027 - 3225 - 3225 - 32

Qualified Actuary

0 - 335 - 4532 - 4032 - 4032 - 40
3 - 545 - 6540 - 5540 - 5540 - 55
Chief Actuary0 - 375 - 9075 - 8570 - 8070 - 80
3 - 590 - 12585 - 10080 - 9080 - 90
5+125 - 150100 - 13590 - 12590 - 125
Deborah Hall's picture
Manager
dhall@morganmckinley.ie

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